Onkyo
Corporation today announced plans to launch its first HD DVD player for
the North American market in 2007. HD DVD is the next generation DVD
format approved by the DVD Forum.

Dolby Digital Plus, Dolby TrueHD and DTS-HD 5.1 channel audio
processing formats are supported by HD DVD, which allows consumers to
enjoy a high quality home theater experience. HD DVD also will offer
the advanced content and features such as active menus and PinP video
adopted by HD DVD.

Onkyo will introduce an HD DVD player initially in the North American
market, where there is a strong demand for packaged media in high
definition with the increasing large screen HDTVs market, and then
plans to further expand to other markets. Onkyo also plans to develop
AV receivers to enjoy attractive and vigorous HD DVD content through a
single HDMI cable that transfers video, audio and control signals.

Details of the Onkyo HD DVD player for North America, including launch
timing, model numbers, specifications and specifics of the launch in
other regions along with future AV receivers will be announced
separately.